Matthews China Related Correlations

MCHFX Fund  USD 11.30  0.08  0.71%   
Generate correlation matrix for Matthews China and other related equities to check the degree to which Matthews China Fund price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Matthews China Fund. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matthews China Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Specify up to 10 symbols:
Please note, there is a significant difference between Matthews China's value and its price as these two are different measures arrived at by different means. Investors typically determine if Matthews China is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Matthews China's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FHKIXFHKTX
RRTLXMSTSX
MSTSXFHKIX
RRTLXWRLDX
MSTSXFHKTX
MSTSXWRLDX
  
High negative correlations   
RRTLXBRRAY
MSTSXBRRAY
BRRAYFHKIX
BRRAYFHKTX
ABHYXBRRAY
BRRAYWRLDX

Risk-Adjusted Indicators

There is a big difference between Matthews Mutual Fund performing well and Matthews China Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Matthews China's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FHKTX  0.82 (0.03)(0.02) 0.10  0.91 
 1.73 
 4.81 
FHKIX  0.82 (0.03)(0.02) 0.10  0.93 
 1.71 
 4.85 
WRLDX  0.36 (0.02)(0.12) 0.09  0.33 
 0.77 
 1.85 
AQUI  2.44 (0.83) 0.00 (0.26) 0.00 
 0.00 
 80.95 
BRRAY  0.90 (0.12) 0.00  0.36  0.00 
 1.41 
 18.45 
MSTSX  0.43 (0.04)(0.07) 0.08  0.45 
 0.98 
 2.60 
ABHYX  0.15  0.01 (0.33) 0.23  0.08 
 0.46 
 1.60 
VIASP  1.64  0.00 (0.01) 0.13  3.99 
 3.19 
 14.99 
RRTLX  0.25 (0.02)(0.23) 0.09  0.15 
 0.52 
 1.47 
WQTEF  1.99 (0.81) 0.00  1.25  0.00 
 0.00 
 7.69